Login
ISCOVER
Banjo Loans supports and closely works with finance brokers to help fund their SME clients faster. We aim to make it quick and simple for brokers to assist with their client's funding needs.
Banjo listens to what the market needs and are constantly looking to improve our solutions to help businesses. We are thrilled to announce some exciting new additions to our new working capital solutions:
- Loans up to $1m. As your SMEs grow, their working capital needs increase. Banjo now caters for businesses with a more significant loan amount of up to $1m unsecured*.
- Increased loan tenor up to 36 months. SMEs who do not get paid within 12-18 months can now choose this option to help be more aligned with their cash flow cycle.
- Simpler applications for loans up to $150K. If your client needs a short burst of funding now, Banjo offers this easy to access, low documentation* funding option.
Banjo now offers larger working capital loans up to $1M over 36 months term with flexible repayment terms (weekly, fortnightly & monthly)
Unlike traditional lending institutions that can take weeks if not months to approve loans of this size, Banjo can approve loans in days.
While businesses with a longer cashflow cycle and larger funding needs can now access Banjo's longer-term working capital loans for up to 36 months.
In addition, if a business structure has a number of operating entities, there is the option for a client to try to obtain loans for greater than $1M.
Banjo’s Single Pay is a unique bridging finance solution for SMEs needing to access working capital funding prior to settlement.
Single Pay helps your clients' by providing 2 to 6 month loans with interest expense only repayments. The principal figure is paid at loan maturity.
Some scenarios where your clients could need a Single Pay loan include:
- refinance between banks
- pending settlement of sold property
- awaiting an equity injection
- sale of an asset, equipment, or business.
Single Pay suits clients in need of funding for the short term, with a quick turnaround time.
Introducing Banjo Express: a faster, low doc loan option than traditional Banjo loans.
Banjo Express is our latest offering and currently offers loans up to $150K, requiring limited business financial documentation. Funding decisions are fast. In some instances, a decision may only take hours, with funds deposited in your client's bank within 24 hours. Banjo Express is ideal for lower loan amounts or for your clients who have an opportunity they do not want to miss.
A recent client of Banjo from NSW needed funding to purchase a 21-year-old custom made army truck from WA. The client was a Railway Engineering company who needed this vehicle to carry and transport heavy train parts. Unfortunately, due to the age and uniqueness of the asset, the client's finance fell. Banjo was able to assist the business and provided a Banjo Express loan of $85K over 12 months within 24 hours.
* Disclaimer: Fees, lending criteria, terms and conditions apply (including an origination fee on each advance). Actual fixed fee (or interest expense) and repayments will vary based on your individual circumstances. Advertised rates are subject to change at any time. Fixed fee (or interest expense) accrues upfront and is paid in instalments. While Banjo does not generally take security over assets, director guarantees may be required and a general security deed or other security may be required for larger loans or in respect of some loan types. Statements regarding timing in relation to applications, approvals and funding are only indicative. Any advice given does not take into account your personal circumstances and you should carefully consider what products are appropriate for you and obtain professional advice where relevant.
JOIN THE DISCUSSION